Jakarta, INTI - Indonesia’s Deputy Minister of Foreign Affairs, Arif Havas Oegroseno, announced that Pertamina’s oil and gas assets in Venezuela have been granted permission to fully resume operations, supporting Indonesia’s strategy to diversify its energy supply amid ongoing global energy uncertainties.
Indonesia Expands Oil Supply Sources Across South America
Indonesia is currently exploring new oil resources in several South American countries as geopolitical tensions involving the United States, Israel, and Iran continue to affect energy supply routes, including the strategic Strait of Hormuz. According to Havas, many countries across Latin America possess significant oil and gas potential, creating opportunities for Indonesia to expand its energy partnerships and investments.
With the region’s abundant hydrocarbon resources, Pertamina has started preliminary discussions with potential partners in several South American nations. Indonesia’s expansion strategy in the region will be represented by Pertamina International Exploration and Production (PIEP), which currently manages the company’s interests in Venezuela.
Diversifying Energy Sources Beyond Traditional Routes
Beyond South America, Indonesia is also optimizing alternative oil supplies from African countries, including Algeria, Nigeria, and Angola. The strategy aims to secure energy sources that are less dependent on shipping routes passing through the Strait of Hormuz, enhancing national energy resilience against global disruptions.
PIEP holds a 71.09% stake in French oil and gas company Maurel & Prom (M&P), which owns oil and gas assets in Venezuela. The company previously confirmed that its Venezuelan operations remained unaffected by earlier geopolitical developments and continues to closely monitor the situation while coordinating with the Indonesian Embassy in Caracas to ensure operational safety and continuity.
Conclusion
Indonesia’s renewed oil and gas operations in Venezuela reflect the country’s broader strategy to strengthen energy security through diversified supply sources. By expanding partnerships in South America and Africa, Indonesia aims to reduce dependence on traditional energy routes, enhance resilience against global uncertainties, and secure a more stable energy supply for the future.
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